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Calvin Klein, Meet Calvin Klein

By expanding its Tommy Hilfiger brand and reuniting the Calvin Klein franchises, PVH could boost profits.

Calvin Klein underwear could soon feature a more flattering bottom line, with jeans to follow. Manhattan-based clothing designer PVH gained control of both product lines, the top sellers for the Calvin Klein brand, this year with a buyout of Warnaco. PVH's rights already extended to other Calvin Klein clothing and accessory lines. The company plans to cut back on discounting the two Warnaco businesses and invest in better marketing to bring profit margins up to par with its other brands.